Unemployment in France

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Topics: Unemployment
Unemployment in France Priority Number One

1. What was the annual growth rate for real GDP in France in the early 1990’s?
- It was very low and even negative in certain year. The annual growth rates were 0.76% from 1990 to 1991, 1.186% from 1991 to 1992, -0.92% from 1992 to 1994, and 1.94% from 1993 to 1994. Those low rates of GDP growth in the early 90’s were one of the main reasons for conservative’s landslide victory in national parliamentary elections.

2. Why is high unemployment of such great concern in France? Is unemployment still a concern in France?
- In France, the unemployment problems are very complicate, because these problems are related with various factors such as politics, economic, social welfares, and immigrations. Politicians highly concern these issues because the unemployment rates are one of the main considerations of voters. Also, the unemployment rates gradually increased approximately 10% from 1965 to 1993. Moreover, the increases of unemployment rate of younger people (age 15 ~ 24) were more severe than those of older people. In early 1990’s, even the unemployment rates of highly educated people were increased, so the unemployment issues became serious problem in France. At that time, the unemployment problems became primary concerns of all social levels.
- In the middle of 2000’s, these unemployment problems still matter in France. In 2006, France government tried to legislate the new labor law, CPE(Contrat Premiere Embauche), which was passed by French parliament, but many people, especially young college student, labor unions, and socialist party were opposed this law and started campaigns against the CPE. Almost 1.5 Mil people joined demonstration. Finally, French government abolished CPE law in April 10th, one month later of passing the law.

3. What are the primary causes of French unemployment?
- In my point of view, the main reason of high unemployment rate of France is high government interference in market.

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